What is remuneration activity in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: remuneration activity

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Commission cases are assigned to a remuneration procedure. From this commission entitlements are calculated, using remuneration condition tables and calculation rules, which then serve as remuneration activities.

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• Key Concepts: 
  Remuneration activity is a feature of SAP ICM Incentive and Commission Management (ICM) that allows companies to manage their incentive and commission programs. It enables companies to define the rules and conditions for their incentive and commission programs, as well as track and monitor the performance of their sales teams.
  
  How to use it: 
  To use remuneration activity, companies must first define the rules and conditions for their incentive and commission programs. This includes setting up the criteria for eligibility, such as sales targets, customer segmentation, and product categories. Once the rules are set up, companies can then track and monitor the performance of their sales teams by tracking sales figures, customer segmentation, and product categories.
  
  Tips & Tricks: 
  When setting up remuneration activity, it is important to ensure that the criteria for eligibility are clearly defined. This will help ensure that the incentive and commission programs are fair and equitable for all participants. Additionally, it is important to regularly review the performance of sales teams to ensure that they are meeting their targets.
  
  Related Information: 
  SAP ICM Incentive and Commission Management (ICM) is a comprehensive solution for managing incentive and commission programs. It provides companies with a range of features, including remuneration activity, that enable them to effectively manage their incentive and commission programs. Additionally, SAP ICM provides companies with detailed reporting capabilities that allow them to track and monitor the performance of their sales teams.